The very first flying car, the 2001 Moller International G90 M400 Skycar is up for sale on eBay. Any collector or museum looking to put this vertical take-off and landing (VTOL) variety flying car on display can bid for it via the public auction.
The car was first flown in a public shareholders meeting in 2001 and since then has been flown under a restricted environment many times. But, one of the conditions of the auctions includes that the flying car cannot be flown as it is not FAA certified. According to the World Heritage Encyclopedia, this “flying car” has only soared through the air while tethered to a crane, hovering about 15 feet above the ground. But according to a statement released by Moller, they are willing to work with the buyer to make make it the world’s first FAA approved VTOL capable flying car.
The engine and airframe technology for this model were developed over a period of 30 years and more than $ 150 million dollars were spent on this prototype. The M400 Skycar will come in its original 2001 flight form and condition, complete with eight Rotapower engines that produce more than 720 hp allowing the M400 Skycar® to take off and land vertically.
The buy now price for this original piece is $ 5,000,000 and the auction closes in 2 days time. After the sale is successfully completed, Moller International will immediately transfer the title to its new owner. Any bidder qualified by eBay is invited to inspect the M400 Skycar during the action and then place a bid.
Currently, the company is working on their advanced, flying saucer like models called the Neuera and Firefly. The company has suffered from financial difficulties and previous prototype auctions and crowdfunding projects met with middling and fruitless results. This auction seems like another attempt to raise money for its other advanced versions.
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The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.
The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.
While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.
Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”
Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.
Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.
Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.
Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.
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May 25, 2025 at 8:58 pm
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